Monthly Archive:: October 2012

First Time Buyers: 32 Percent of Residential Buyers in September

Based on information from the REALTORS® Confidence Index survey, approximately 32 percent of responding REALTORS® reported making a sale to first-time homebuyers in September (31 percent in August). Normally first-time buyers are in the neighborhood of 40 percent of...

Case-Shiller Price Upturn

Home prices are rising by every measure, including in the latest data from Case-Shiller measuring price trends in 20 major metro markets. The price index accelerated to two percent appreciation from one year ago as of August. The gain...

America’s Resiliency after Natural Disasters

After Superstorm Sandy, one thing is assured: the impacted regions will rebuild, create jobs, and become stronger. That has always been the American way. The U.S. housing market peaked in 2005 and then started to fall steeply. However, New...

Distressed Sales at Twenty-four Percent of Market

Based on information from the latest REALTORS® Confidence Index survey, 24 percent of respondents reported selling distressed property (foreclosed and short sales), down substantially from what had been the case a year or two ago. Cash sales accounted for...

Latest GDP Surprise

Third quarter economic activity grew at 2.0 percent, which is decent but still subpar compared to the historical norm.  Gross Domestic Product (GDP) generally grows by three percent on average and should be growing closer to four to five...